25 October 2021
Australian insurers’ profitability is set to improve this financial year, while remaining below targeted levels, after the COVID-19 pandemic wiped out a rebound expected in the prior period, the annual Finity Optima report says...
25 October 2021
The Full Court will hear appeals next month for some of the pandemic business interruption claim disputes that were part of a judgment delivered on the industry’s second test case...
25 October 2021
A discretionary mutual fund may be a suitable way to address the current insurance crisis facing amusement park, leisure and recreation operators, the Australian Small Business and Family Enterprise Ombudsman says...
25 October 2021
Claims are being scrutinised more closely and handling times have increased amid the current hard market conditions, Gallagher says...
25 October 2021
A series of hail events affecting NSW and Queensland have clocked up thousands of mostly vehicle-loss claims and the Insurance Council of Australia expects an update from members tomorrow on the wider fall-out...
25 October 2021
Nose-to-tail accidents are the most common type of crash at hotspot sites across Australia, a new study by Suncorp brand AAMI says, while Thursday is the most common day for a collision and afternoons the peak danger time...
25 October 2021
Black Summer bushfire features that increased difficulties for disaster responders, such as unusual overnight intensity, have been investigated using advanced supercomputer simulations...
25 October 2021
Australians seeking an insurance provider for their home, investment property or other private building asset are advised to compare policies closely to determine whether coverage for broken pipes suits the particular risk factors for their situation and location...
25 October 2021
The Insurance Council of Australia’s Business Advisory Council has held its first meeting as it prepares to develop proposals to address affordability and availability issues in commercial cover...
18 October 2021
The Insurance Council of Australia has called on the new NSW Premier Dominic Perrottet to extend proposed stamp duty reforms to insurance and for the state to take a fresh look at abolishing the emergency services levy...
18 October 2021
Raising the height of the Warragamba Dam wall would not resolve issues created by land use failings that have increased flood risks in the Hawkesbury-Nepean Valley, Insurance Council of Australia CEO Andrew Hall says...
18 October 2021
The Bureau of Meteorology issued a La Nina alert last week as the type of rainfall and severe weather typically associated with the seasonal event and other climate drivers affected much of eastern Australia...
18 October 2021
While the pandemic and its many challenges have been front and centre of all insurance professionals’ thoughts, there’s been a lot happening in the industry that will continue to throw up challenges...
18 October 2021
Insurance companies need to appoint board directors with the “right qualifications” to prevent similar misconduct to that uncovered by the Hayne royal commission, according to the Actuaries Institute...
18 October 2021
The liability market is continuing to harden driven by factors including increasing loss severity and a greater percentage of claims that are litigated, Willis Towers Watson says...
18 October 2021
Finity has warned in a new report that workers’ compensation claims are set to rise as the country looks to reopen, moving away from its tough virus elimination strategy to “living with COVID-19”...
18 October 2021
The Insurance Council of Australia today launched an advertisement campaign aimed at raising consumers’ awareness of their rights under the new Code of Practice that commenced in July...
18 October 2021
Catastrophe data company Perils has lowered its estimate for insured losses from April’s Tropical Cyclone Seroja to $394 million while saying it “serves as a warning” for the northwest of WA of the potential for devastation from tropical cyclones...
11 October 2021
The Insurance Council of Australia is reviewing a Federal Court business interruption test case judgment delivered on Friday that went largely in favour of insurers as appeals are considered...
11 October 2021
The Bureau of Meteorology says there is a 65% chance of more tropical cyclones than average this coming storm season, which starts next month and runs until April...